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Urban Air Mobility Market size is set to grow by USD 5.28 billion from 2023-2027, Increasing use of EVTOL aircraft in military applications to boost the market growth, Technavio

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NEW YORK, July 15, 2024 /PRNewswire/ — The global urban air mobility market  size is estimated to grow by USD 5.28 billion from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of  27.5%  during the forecast period.  Increasing use of EVTOL aircraft in military applications is driving market growth, with a trend towards technological advancements. However, limitations of existing battery technology  poses a challenge. Key market players include Airbus SE, Archer Aviation Inc., Bartini Inc., EHang Holdings Ltd., Embraer SA, Geely Auto Group, Honeywell International Inc., Joby Aviation Inc., Kitty Hawk Corp., Lilium GmbH, Lockheed Martin Corp., Moller International, Moog Inc., Raytheon Technologies Corp., The Boeing Co., Volocopter GmbH, Wingcopter GmbH, Wisk Aero LLC, Workhorse Group Inc., and Textron Inc..

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Forecast period

2023-2027

Base Year

2022

Historic Data

2017 – 2021

Segment Covered

Type (Autonomous and Piloted), Application (Delivery and Passenger mobility), and Geography (North America, Europe, APAC, Middle East and Africa, and South America)

Region Covered

North America, Europe, APAC, Middle East and Africa, and South America

Key companies profiled

Airbus SE, Archer Aviation Inc., Bartini Inc., EHang Holdings Ltd., Embraer SA, Geely Auto Group, Honeywell International Inc., Joby Aviation Inc., Kitty Hawk Corp., Lilium GmbH, Lockheed Martin Corp., Moller International, Moog Inc., Raytheon Technologies Corp., The Boeing Co., Volocopter GmbH, Wingcopter GmbH, Wisk Aero LLC, Workhorse Group Inc., and Textron Inc.

Key Market Trends Fueling Growth

The urban air mobility market is witnessing significant trends, with the adoption of real-time tracking technology for last-mile delivery management being a major one. This enables consumers to manage and modify package deliveries using online tools, providing greater transparency and control. Large packages require customer pick-up due to their value, posing a challenge for delivery providers. To address this, they offer web and mobile applications for managing delivery schedules of large cargo. Real-time updates on delivery status, traffic, and weather help customers plan accordingly. Big data is also optimizing last-mile delivery, with companies like DHL using it to determine optimum delivery routes. Technologies such as automation, online updates, real-time tracking, and delivery time estimations are already in use. Retailers like Amazon are exploring drone technology, while autonomous ground vehicles (AGVs) and autonomous delivery vehicles (ADVs) are gaining popularity. Regulatory challenges will be addressed in the next decade, driven by automotive manufacturing companies. These technological advances are expected to positively impact the growth of the urban air mobility market. 

Urban Air Mobility (UAM) and Advanced Air Mobility (AAM) are revolutionizing transportation in metropolitan areas with flying taxis, cargo air vehicles, and drones. These innovative urban aviation services aim to reduce traffic congestion and improve productivity. Courier services and public transportation are exploring shared automated vehicles and on-demand mobility solutions. Electric power is a key trend, with electric aircraft and drones leading the charge. Volocopter, a leading player, is merging with Uber to expand their platform operations. Range and platform architecture are crucial considerations for air taxis and personal air vehicles. Rotary wings and fixed wings hybrid vehicles cater to intercity and intracity travel. Cargo, emergencies, and people transportation are all part of this growing ecosystem. New technology, collaborations, and intelligent aerial vehicles are shaping the future of transportation businesses. Infrastructures and fuel are essential elements in the development of this sustainable solution for metropolitan economies. 

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Market Challenges

•         The urban air mobility market for electric vertical takeoff and landing (eVTOL) aircraft faces significant challenges due to the limitations of current battery technology. Achieving the energy requirements for flight is a major obstacle, as batteries must be lightweight yet deliver a high energy density of at least 500Wh/kg for commercial payload-range aircraft. Most commercial batteries can only provide 30-50% of this, resulting in a maximum range of 200-400 miles. To meet the market’s demands, advancements in battery technology are crucial. These advancements must focus on increasing energy density, improving re-charging speeds, and extending battery lifecycles. Until these advancements are made, the urban air mobility market’s growth will be restricted.

•         Urban Air Mobility (UAM) market is experiencing significant growth with new players entering the scene. Challenges include mergers and acquisitions, collaborations, and strategic partnerships between key players like Volocopter, Jaunt Air Mobility, and Microsoft. Electric power is a major focus with the development of intelligent aerial vehicles using rotary wings and fixed wings hybrid technology. Range and platform operations are crucial for air taxis and personal air vehicles, while cargo air vehicles and last-mile delivery vehicles require specific load-carrying capacity. Platform architecture, autonomy level (piloted or autonomous), intercity and intracity applications, and fuel efficiency are essential considerations. Sustainable transportation systems, refurbishing of existing infrastructures, and the use of a cloud-based computing system are smart strategies for transportation businesses adapting to this new technology. The UAM ecosystem includes various players from people movers to cargo and emergency services, requiring diverse solutions for metropolitan areas. Infrastructures, productivity, and passenger experience are key factors in the success of UAM. New technology, such as eVTOL assembly plants and aerial delivery drones, is driving innovation in this sector.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This urban air mobility market report extensively covers market segmentation by

Type 1.1 Autonomous1.2 PilotedApplication 2.1 Delivery2.2 Passenger mobilityGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Autonomous-  Autonomous Urban Air Mobility (UAM) refers to the utilization of unmanned aerial vehicles (UAVs) or drones for transportation in urban areas. This technology intends to offer cities a secure, efficient, and eco-friendly air transportation alternative, minimizing traffic congestion and enhancing mobility. Autonomous UAM vehicles function independently and incorporate advanced technologies like sensors, navigation systems, and artificial intelligence algorithms. Morgan Stanley Research’s equity analysts, in a recent BluePaper, discuss the accelerating investment in autonomous flying aircraft, with implications for passenger travel, military and defense, and freight and package transportation sectors. The report projects a USD1.5 trillion total addressable market for autonomous aircraft by 2040, providing lucrative opportunities for investors and positively impacting various industries, thereby fueling the demand for UAM throughout the forecast period.

For more information on market segmentation with geographical analysis including forecast (2023-2027) and historic data (2017 – 2021)  – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Aerospace Artificial Intelligence market is rapidly expanding, driven by advancements in machine learning and autonomous systems, enhancing flight safety, efficiency, and predictive maintenance. Major players include Boeing and Airbus.

The global eVTOL Aircraft market is revolutionizing urban mobility with electric vertical takeoff and landing aircraft, promising reduced congestion and lower emissions. Key players are Joby Aviation and Lilium.

The global Air Conditioning market is growing steadily due to rising temperatures and urbanization, with smart, energy-efficient units gaining popularity. Leading companies include Daikin and Carrier.

Research Analysis

The Urban Air Mobility (UAM) market is revolutionizing the transportation industry by offering sustainable solutions for goods delivery services and on-demand mobility in metropolitan areas. Traffic congestion is a major challenge in densely populated cities, and UAM provides an efficient alternative with electric aircraft, flying taxis, and personal air vehicles. The market is witnessing significant mergers & acquisitions and collaborations between key players to strengthen their ecosystems. Platform operations play a crucial role in managing the complexities of UAM, including range, platform architecture, and air traffic control. Cargo air vehicles, drones, and air ambulances are also part of the UAM ecosystem, offering productivity gains for transportation businesses. Last-mile delivery vehicles and fuel efficiency are key considerations for the success of UAM. The future of UAM holds the potential to transform urban transportation and boost the metropolitan economy.

Market Research Overview

Urban Air Mobility (UAM) and Advanced Air Mobility (AAM) are revolutionizing urban transportation with their innovative solutions. UAM refers to the use of aircraft and other flying vehicles for urban aviation services, including courier services and shared automated vehicles. These technologies aim to reduce traffic congestion in metropolitan areas and boost the metropolitan economy. Sustainable solutions, such as electric aircraft and drones, are at the forefront of this movement. Flying taxi services and personal air vehicles are becoming a reality, with companies developing electric powertrains, rotary wings, and fixed-wing hybrids. The ecosystem includes mergers & acquisitions, collaborations, and the development of platforms and platform operations. The range of these vehicles varies, from intercity to intracity travel, and they can be piloted or autonomous. Cargo air vehicles and last-mile delivery vehicles are also part of this new transportation paradigm. The passenger experience is a key focus, with companies investing in intelligent aerial vehicles, smart strategies, and sustainable transportation systems. Infrastructures, such as refurbished runways, are being developed to support this new mode of transportation. Companies like Microsoft are investing in cloud-based computing systems and partnerships with UAM players like Volocopter, Jaunt Air Mobility, and eVTOL assembly plants to advance the industry. The future of transportation is taking flight.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeAutonomousPilotedApplicationDeliveryPassenger MobilityGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

EaseUS Todo PCTrans 14.0 Now Updated for Enhanced Transfer Experience

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8 minutes ago

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November 15, 2024

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NEW YORK, Nov. 15, 2024 /PRNewswire/ — EaseUS is a prominent provider of solutions for data backup and recovery, file transfer, and disk management tailored for Windows PC and server users. Recently, it announced the release of EaseUS Todo PCTrans 14.0, which has rolled out significant upgrades aimed at faster transfer speed and intuitive interface. This update perfectly meets the growing need for advanced data migration solutions in both personal and professional settings.

New Feature – Direct Cable Connection

The most notable new feature of Todo PCTrans 14.0 is the direct cable transfer option, which enables users to enjoy faster and more efficient data migration. 

Connection Methods: Users can connect their computers using either an Ethernet or USB Type-C cable, facilitating a seamless transfer process.Working Principle: The function employs a peer-to-peer connection, enabling high-speed data transfers without relying on internet connectivity.Benefits: Enhanced transfer speed and reliability – It offers 5-10 times faster transmission speed than a WiFi connection. Significantly reduce the time required to move large files and applications between PCs, making it faster to move files, applications, and settings without the need for a network setup or the hassle of poor WiFi signal.

User Interface Adjustments for Better Transfer Experience

To optimize and simplify interface design, EaseUS Todo PCTrans v14.0 has implemented several specific changes, including:

Data Transfer: This is a three-in-one integration of features. It merged the PC to PC transfer, Backup & Restore, and Data Rescue into one single functionality, streamlining the interface focused on data transfer and making it easier for users to navigate.Local Migration Navigation: The App Migration feature has now been renamed to Local Migration. It reflects a shift in focus towards transferring applications directly between local disk partitions on a PC, such as to transferring installed apps from C to D, changing programs default install locations, and freeing up disk space.More Tools Section: Five essential functionalities are now categorized for easier access, including quick and remote file transfer, system cleanup, large file cleanup, App uninstaller, and product key finder.

These enhancements in EaseUS Todo PCTrans 14.0 significantly improved the efficiency of data migration, making it an invaluable asset for anyone looking to upgrade or transition between PCs seamlessly.

From Techradar:

“EaseUS Todo PCTrans is a user-friendly PC transfer tool that simplifies the process of moving data, applications and user settings from one PC to another. This tool is especially useful when upgrading to a new PC or reinstalling an operating system, ensuring important files and applications are not lost in the process.”

Pricing and Availability:

Free for users that first try this tool, EaseUS Todo PCTrans Free is available here:
https://www.easeus.com/free-pc-transfer-software/

EaseUS Todo PCTrans Professional Edition is available at:
https://www.easeus.com/pc-transfer-software/pctrans-pro.html

EaseUS Todo PCTrans Server Edition is available at:
https://www.easeus.com/pc-transfer-software/pctrans-technician.html

About CHENGDU Yiwo Tech Development Co., Ltd.:
The company provides professional IT solutions for home, education and SMB users, service providers as well as international corporations in data recovery, backup software, system optimization and partition manager on both Windows and Mac platforms. For Windows OS, its major products are Data Recovery Wizard, EaseUS Todo Backup, EaseUS Todo PCTrans, EaseUS Partition Master, EaseUS Disk Copy, EaseUS Fixo and EaseUS CleanGenius. For Mac OS, it has EaseUS Mac Data Recovery Wizard, EaseUS Partition Master For Mac, EaseUS Fixo For Mac and CleanGenius.

“EaseUS” is registered trademark of CHENGDU Yiwo Tech Development Co., Ltd. All other trademarks acknowledged.

View original content:https://www.prnewswire.com/news-releases/easeus-todo-pctrans-14-0-now-updated-for-enhanced-transfer-experience-302303820.html

SOURCE EaseUS Software

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Country Music Artist Joe Nichols Announces Non-Profit Organization Established to Combat Warfighter Suicide in the Special Operations Community

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8 minutes ago

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November 15, 2024

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Co-founders Andy Wirth, Joe and Heather Nichols launch The Impossible Foundation at livestreamed event featuring a press conference, panel discussion and a special live performance by Nichols

BOZEMAN, Mont., Nov. 15, 2024 /PRNewswire/ — Three-time GRAMMY-nominated singer and multi-platinum selling recording artist Joe Nichols his wife, Heather Nichols, are joined by close friend and business executive Andy Wirth in announcing the establishment of The Impossible Foundation. The Impossible Foundation has been set up as nonprofit organization with the mission of being a force multiplier in combatting the accelerating rates of suicide within the special operations community. 

Joe Nichols Announces Non-Profit Organization The Impossible Foundation to Combat Warfighter Suicide

Watch The Impossible Foundation’s Launch Video HERE.

Within our country’s military, since 2001, suicide has claimed over 140,000 warfighters’ lives, 20 times the number of fatalities associated with the wars in Iraq and Afghanistan. This alarming statistic compelled Andy Wirth to join forces with friends Joe and Heather Nichols and establish The Impossible Foundation, which is headquartered in Bozeman, Montana.

“Our deep sense of gratitude and indebtedness for all who have served and are serving our great country, coupled with our unfaltering patriotism, brought about the drive to stand up The Impossible Foundation,” said Joe Nichols. “Nearly 25 years after it commenced, our newsfeeds don’t contain much on the Global War on Terror. In fact, they’ve largely gone quiet and, not surprisingly, many consider the battles over…they’re most certainly not.” 

“Not only does the global war on terror remain a kinetic and lethal environment for our country’s warriors, but some warfighters have returned home with their own fight…battles of a different kind,” said Andy Wirth, co-founder and board chairman. “Too many times, those warfighters see their battles as unwinnable, and the challenges seem to be impossible to overcome. Tragically, some chose a permanent solution to a temporary problem. The loss of a warfighter to suicide is rarely reported by the news…in turn, we rarely hear about that heart rendering event. Truly, when a warfighter takes their own life, it’s a heartbreaking result from a personal battle and while unknown and unheard to most, it generates a deafening echo for eternity.”

Established as largely a grant issuing not-for-profit, The Impossible Foundation will raise funds which will be provided to organizations that have high-impact and effective programs that reduce and reverse the accelerating rates of warfighter suicide.  The organization will focus on active duty and retired warfighters that have been and are part of the special operations community, including USSOCOM and other US Government organizations that have an adjacency to our country’s special warfare activities.

The launch event will feature interviews with panelists including Joe & Heather Nichols, Andy Wirth and feature two special guests, Steven Cashen, Sergeant First Class, US Army (Ret.) and Brian Gilman, Colonel, US Marine Corps (Ret.).  

The launch event livestreamed from the organization’s website,  theimpossiblefoundation.org  commencing at 1:00pm eastern, Friday, November 15, 2024, live from The Dallas Bull in Tampa, Florida.  Those attending the event will include industry VIP’s, supporters and members of the US Special Operations Command, headquartered at MacDill Air Force Base in Tampa, Florida. The livestream will continue with a special performance by The Impossible Foundation co-founder Joe Nichols.

The inspiration for the organization’s name and ethos is derived from Joe Nichol’s first hit song, “The Impossible”, in which in the lyrics and song’s message speaks to circumstances which are seemingly impossible to overcome, but with faith and belief in the impossible, one can prevail.

The Foundation is interested in securing direct support by way of donations of any amount which can be made through its website:  theimpossiblefoundation.org.  The Impossible Foundation also seeks to engage companies and individuals that have interest in the Founders Legion, which involves material, direct financial support and includes participation in the organization’s advisory council. Those interested in being a major part of The Impossible Foundation through the Founders Legion are encouraged to contact Andy Wirth, cofounder and board chairman at awirth@theimpossiblefoundation.org. 

ABOUT THE IMPOSSIBLE FOUNDATION:
The Impossible Foundation is a Colorado nonprofit corporation, which is based out of Bozeman, Montana. The Foundation has applied to the IRS for recognition as a Section 501(c)(3) tax-exempt organization. Subject to application is approval, charitable donations to The Impossible Foundation will be tax deductible to the extent permitted by law, regardless of when made. The Foundation will grant funds to organizations with programs aligned with the Foundation’s mission. Grants issued to recipient organizations will take place following a rigorous review process. Currently, the directors and officers of The Impossible Foundation include Messrs. Nichols and Wirth and Mrs. Nichols. Over the following nine months, the organization will be expanding its board of directors, which will directly participate in the governance, strategic planning and operations of The Impossible Foundation. Watch The Impossible Foundation’s Launch Video HERE.

MEDIA CONTACT: 

Andy Wirth, Cofounder & Chairman, at awirth@theimpossiblefoundation.org and (406) 595-7407

Jay Jones, Jay Jones Music, jay@jayjonesmusic.com and (615) 400-0254

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SOURCE The Impossible Foundation

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Intertribal Software Raises Strategic Investment

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8 minutes ago

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November 15, 2024

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DURANT, Okla., Nov. 15, 2024 /PRNewswire/ — Intertribal Software, a provider of member services software to Tribal governments founded in 1993, is pleased to announce that it has raised a majority strategic investment from Quality Standard. The investment will deepen Intertribal’s position as the leading software provider exclusively focused on helping Tribal governments deliver critical services to their members. Founders Steve Wilcox (CEO) and Skip Lamb (CTO) will continue to lead the business and remain owners of the company alongside Quality Standard.

In addition to its OneTribe® suite, Intertribal is also a strategic partner and reseller of Laserfiche®, the leading workflow automation and records management solution for Tribes. OneTribe and Laserfiche integrate natively and provide Tribal governments with a one-stop solution for digital transformation.

“We serve a unique customer base that values long-term partnerships. When we looked for the right partner for Intertribal, we wanted someone committed for the long-haul to the Tribal community and our team – someone who could help us grow support for our customers over our next 30-year chapter,” said Steve Wilcox. “We found that with Quality Standard, and we’re excited about the opportunities this investment will create for our Tribal customers as well as our dedicated team.”

“Tribes need software that is responsive to their unique needs, including protecting Tribal data sovereignty,” added Skip Lamb. “Quality Standard embraced that from the start, and they share our goal of remaining focused on serving Tribes as we use this investment to grow our team and build the next generation of our technology.”

Quality Standard co-founder Khalil Tawil added, “It is an honor to partner with Steve, Skip, and the entire Intertribal team. They bring a profound respect for Tribal governments and a passion for improving the lives of the members they serve. We feel privileged to support their mission today and for decades to come as they deepen their position as a leading technology partner to Tribes.”

About Intertribal Software

Intertribal provides software that helps Tribal governments efficiently manage their Member Service programs from department to enterprise. Since 1993, Intertribal Software has been a pioneer in creating enterprise Tribal Data Management systems for Tribal Governments nationwide.

About Quality Standard

Quality Standard is a permanent home for exceptional software companies and the teams who lead them. It partners with category-leading businesses with devoted teams and loyal customers. With a committed capital base and perpetual time horizon, Quality Standard partners with and builds customer-centric companies over decades.

View original content to download multimedia:https://www.prnewswire.com/news-releases/intertribal-software-raises-strategic-investment-302307278.html

SOURCE Quality Standard

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